Ent Credit Union Mortgage Rates, Fees & Info

Colorado Springs, CO

LEI: 6GK3WNTSHBNJOVP1LV97

Tax ID: 84-0470451

5 stars - out of 5 stars, based on 119 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Ent Credit Union is a small credit union specializing in Home Purchase, Refi, and Cash Out Refi loans. Ent Credit Union has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Colorado Springs, Denver, Pueblo, Fort Collins, and Greeley among others. Ent Credit Union has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Ent Credit Union is typically an average fee lendor.


Originations

14,164

Origination Dollar Volume (All Markets)

$2,739,530,000
Show all (29) awards

Relative Rate

Ent Credit Union's average 30 year fixed rate mortgage of loans were 2.9%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.25%.

Relative Fees

Ent Credit Union's average total fees for a 30 year fixed rate mortgage are $3,743.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
COLORADO SPRINGS, CO (FHA|USDA|VA) 9,194 $1,800,230,000 $195,805 $3,104 3.51%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2,442 $501,620,000 $205,414 $3,188 3.68%
PUEBLO, CO (FHA|USDA|VA) 1,410 $217,300,000 $154,113 $3,012 3.58%
FORT COLLINS, CO (FHA|USDA|VA) 257 $53,815,000 $209,397 $2,977 3.59%
Outside of Metro Areas 226 $42,910,000 $189,867 $3,027 3.36%
GREELEY, CO (FHA|USDA|VA) 232 $38,730,000 $166,940 $3,163 3.92%
Cañon City, CO (FHA|USDA|VA) 176 $28,040,000 $159,318 $3,170 3.48%
BOULDER, CO (FHA|USDA|VA) 114 $24,030,000 $210,789 $3,173 3.72%
Breckenridge, CO (FHA|USDA|VA) 25 $11,515,000 $460,600 $3,754 3.11%
Steamboat Springs, CO (FHA|USDA|VA) 9 $5,435,000 $603,889 $4,949 3.22%
GRAND JUNCTION, CO (FHA|USDA|VA) 26 $5,240,000 $201,538 $2,928 3.30%
Edwards, CO (FHA|USDA|VA) 15 $4,215,000 $281,000 $7,535 3.48%
Glenwood Springs, CO (FHA|USDA|VA) 13 $3,165,000 $243,462 $3,272 3.23%
Fort Morgan, CO (FHA|USDA|VA) 6 $1,120,000 $186,667 $1,757 3.62%
Montrose, CO (FHA|USDA|VA) 10 $920,000 $92,000 $2,287 3.58%
Durango, CO (FHA|USDA|VA) 6 $910,000 $151,667 $2,663 3.60%
Sterling, CO (FHA|USDA|VA) 3 $335,000 $111,667 $1,843 4.08%

Ent Credit Union's top markets include Colorado Springs, Denver, Pueblo, Fort Collins, and Greeley among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 13,159 $2,401,425,000 $182,493 $2,590 3.63%
VA 764 $270,530,000 $354,097 $5,469 2.47%
FHA 241 $67,575,000 $280,394 $7,174 2.69%

For the 2021 period, Ent Credit Union's most frequently originated loan type of loans were Conventional, with 13,159 originations. Their 2nd most popular type is VA, with 764 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Other 3,865 $410,235,000 $106,141 $0 4.32%
Home Improvement 2,962 $249,140,000 $84,112 $0 4.25%
Home Purchase 2,507 $914,175,000 $364,649 $3,699 3.01%
Refi 2,507 $571,485,000 $227,956 $2,172 2.76%
Cash Out Refi 2,323 $594,495,000 $255,917 $3,503 2.82%

For the 2021, Ent Credit Union's most frequently cited loan purpose of loans were Other, with 3,865 originations. The 2nd most popular reason of loans were Home Improvement, with 2,962 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
20 Year 5,955 $605,135,000 $101,618 $3,058 4.36%
30 Year 4,757 $1,536,635,000 $323,026 $3,743 2.90%
Other 1,911 $293,205,000 $153,430 $0 3.65%
15 Year 1,390 $271,870,000 $195,590 $1,138 2.34%
10 Year 151 $32,685,000 $216,457 $1,467 2.31%

For the 2021, Ent Credit Union's most frequently cited loan length of loans were 20 Year, with 5,955 originations. The 2nd most popular length of loans were 30 Year, with 4,757 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 4,478 $1,278,810,000 $285,576
$1k-2k 905 $236,225,000 $261,022
$2k-3k 445 $141,365,000 $317,674
$3k-4k 376 $126,590,000 $336,676
$5k+ 185 $83,325,000 $450,405

$3,743 of loans were Ent Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 4,478 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 5,959 $995,605,000 $167,076
2.5-3% 3,354 $1,042,790,000 $310,909
<2.5% 2,000 $501,040,000 $250,520
4-5% 1,665 $135,835,000 $81,583
5-6% 819 $44,195,000 $53,962
6-7% 367 $20,065,000 $54,673

During 2021, Ent Credit Union's average interest rate of loans were 2.90%, while their most frequently originated rate bucket of loans were 3-4%, with 5,959 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 4,944 $260,110,000 $52,611 $1,143 4.33%
$200k-400k 4,101 $1,152,175,000 $280,950 $3,398 3.01%
$100k-200k 3,736 $530,890,000 $142,101 $1,905 3.37%
$400k-600k 1,088 $510,010,000 $468,759 $4,325 2.87%
$600k-1MM 249 $182,365,000 $732,390 $5,528 2.88%
$1MM+ 46 $103,980,000 $2,260,435 $4,332 2.97%

2021 saw Ent Credit Union place emphasis on $100,000 or less loans with 4,944 originations, totaling $260,110,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 3,607 $703,985,000 $195,172 $3,281 3.60%
$50k-75k 2,677 $445,725,000 $166,502 $2,990 3.43%
$75k-100k 2,661 $488,565,000 $183,602 $3,179 3.55%
$150k-250k 2,544 $539,250,000 $211,969 $3,496 3.73%
$50k or less 1,521 $191,745,000 $126,065 $2,518 3.34%
$250k+ 917 $244,205,000 $266,309 $3,983 3.72%

Ent Credit Union lent most frequently to those with incomes in the $100k-150k range, with 3,607 originations. The second most popular income band? $50k-75k, with 2,677 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 3,488 $648,050,000 $185,794 $2,679 3.45%
30-36% 2,479 $470,065,000 $189,619 $2,904 3.53%
<20% 1,683 $280,995,000 $166,961 $2,024 3.34%
50-60% 829 $135,315,000 $163,227 $7,675 3.97%
42% 492 $112,040,000 $227,724 $3,192 3.51%
44% 456 $96,050,000 $210,636 $3,665 3.64%
38% 429 $85,205,000 $198,613 $3,089 3.60%
41% 429 $86,645,000 $201,970 $3,328 3.58%
37% 416 $82,740,000 $198,894 $3,060 3.58%
36% 410 $80,300,000 $195,854 $3,007 3.52%
43% 406 $83,140,000 $204,778 $3,654 3.64%
40% 398 $80,630,000 $202,588 $3,529 3.59%
39% 396 $79,060,000 $199,646 $2,893 3.54%
49% 352 $78,220,000 $222,216 $3,744 3.48%
45% 349 $68,355,000 $195,860 $4,261 3.78%
47% 343 $66,215,000 $193,047 $3,699 3.78%
46% 337 $66,195,000 $196,424 $3,597 3.73%
48% 320 $66,340,000 $207,313 $3,792 3.69%
>60% 138 $21,790,000 $157,899 $6,025 4.00%

Ent Credit Union lent most frequently to those with DTI ratios of 20-30%, with 3,488 originations. The next most common DTI ratio? 30-36%, with 2,479 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 11,417 $2,155,575,000 $188,804 $3,083 3.55%
Not provided 1,738 $333,630,000 $191,962 $3,025 3.51%
Asian 354 $82,110,000 $231,949 $3,483 3.40%
Black 377 $69,925,000 $185,477 $3,853 3.68%
Not applicable 8 $50,160,000 $6,270,000 $0 3.43%
American Indian 192 $36,800,000 $191,667 $3,090 3.63%
Native Hawaiian 37 $6,715,000 $181,486 $3,117 3.74%
Asian Indian 19 $2,745,000 $144,474 $0 3.95%
Chinese 4 $780,000 $195,000 $0 4.93%
Filipino 7 $285,000 $40,714 $0 4.67%
Other Pacific Islander 4 $280,000 $70,000 $0 4.55%
Korean 2 $170,000 $85,000 $0 4.49%
Vietnamese 2 $140,000 $70,000 $0 4.49%
Other Asian 2 $130,000 $65,000 $0 5.12%
Japanese 1 $85,000 $85,000 $0 3.99%

Approval Rates

Total approvals of all applications
87.16%

Ent Credit Union has an average approval rate.

Pick Rate

Approvals leading to origination
78.64%

Ent Credit Union has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 14,164 $2,739,530,000 $193,415

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
14,164 $2,739,530,000 $193,415

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 2,888 $407,950,000 $141,257 $1,363 3.57%
40-60% 2,121 $487,155,000 $229,682 $2,300 3.02%
60-80% 2,554 $850,130,000 $332,862 $3,617 3.03%
80-100% 1,814 $678,080,000 $373,804 $3,717 2.82%
Over 100% 67 $31,065,000 $463,657 $15,979 2.48%
Under 20% 4,689 $275,625,000 $58,781 $968 4.36%